While many specific reasons drive people to put together an estate plan, the common denominator is that we all worry about the “what ifs.” You want to know that if something unexpected should happen and you become incapacitated or pass away, there is someone who can step in quickly to make decisions on your behalf. You want to feel confident that your affairs are in order so that administering your estate is not a mess. And of course, you want the peace of mind that comes with knowing that your loved ones will be taken care of.
Estate planning involves the most intimate and important aspects of our lives. We are dealing with the assets we’ve worked hard to grow, the possessions we value and treasure, and most importantly, the people we love and care about. So while our worries and concerns about these things are often similar, our specific life circumstances are personal and unique. That means your estate plan should be crafted with the utmost care and customized to your unique needs and goals to bring you the peace of mind you crave.
What Documents Do I Need for My New Hampshire Estate Plan?
Depending on your personal needs and goals, you will need certain documents in order to create an estate plan that covers all of your concerns. These documents may include:
- Powers of Attorney
- Massachusetts Health Care Proxies
- New Hampshire Durable Power of Attorney for Health Care
- Living Wills
- HIPAA Patient Authorizations
- Prenuptial Agreements
- Revocable Trusts
- Credit Shelter Trusts for minimizing estate taxes
- Supplemental Needs Trusts for loved ones with disabilities
- Irrevocable Trusts for asset protection, including Medicaid and nursing home costs
Knowing which documents you need and the key provisions to include or omit is a critical aspect of the estate planning process. Attorney Candice O’Neil will take the time to educate you about each document so that you really understand what you’re signing and feel confident choosing the plan that’s right for you.
What Should I Be Thinking About When it Comes to Estate Planning?
At Hudkins Law, our estate planning process is as much about education as it is about drafting documents. We provide you with the knowledge you need to be confident that you are choosing the most efficient estate planning package. During your consultation, you will learn about various estate planning issues relating to your needs, including:
- How to avoid probate
- How to minimize estate taxes
- How to plan for the costs of nursing home care
- The various options for leaving assets to loved ones
- How to make sure your children and pets are taken care of
- The various options for leaving assets to a disabled loved one
- Whether you should put your real estate into a trust or an LLC
Whether you live in Massachusetts or New Hampshire, we are here to ensure you are considering all of the essential issues when choosing an estate plan.
Do I Need a Trust?
Trusts are valuable estate planning tools that can help avoid probate, minimize taxes, manage assets, and provide many other benefits. Choosing whether to include a trust as part of your estate plan involves various factors. These may include the nature of your assets and the goals you most want to achieve. Attorney Candice O’Neil will guide you with patience and sensitivity through the process of weighing your options.
Now Is the Time to Get Started
No one has a crystal ball, so it’s impossible to know when our estate plan will be put to use. Waiting too long to create a plan can have costly consequences. Unfortunately, exactly when we need the estate plan is usually when it’s too late to create one. We strongly encourage you to contact us today to schedule an educational estate planning consultation with Attorney Candice O’Neil by calling (603) 434-1770.